Tuesday, July 28, 2009
How to interpret the Dow Theory bull signal, according to Richard Russell
There was a great deal of interest in the recent Dow Theory bull market signal on the US stock markets. Investors had many questions on what brought about the Dow Theory bull signal, and specifically whether Richard Russell, "Mr Dow Theory" and the 85-year old author of the Dow Theory Letters, was the last bear standing when he replaced the bear on the first page of his daily newsletter with a long-horned Texas bull. Who better to ask for an explanation than the R man himself?